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1989 (4) TMI 63 - HC - Income TaxExtract: ....... income assessable to income-tax nor any corresponding revenue loss in respect of which any deduction could be claimed. This being so, the question referred, has of necessity, to be answered in the affirmative, in favour of the Revenue and against the assessee. This reference is disposed of accordingly. There will, however, be no order as to costs.
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